The Southeast Kentucky Economic Development Corp. (SKED) has received a Rural Business Grant from the U.S. Department of Agriculture that will enable SKED to provide one-on-one technical assistance to business owners in 20 eastern Kentucky counties.
SKED will use the $99,000 Rural Business Enterprise Grant to provide business readiness assessments, consulting and counseling, loan packaging and resource and referral.
“With these USDA funds, SKED will be able to expand its already extensive mission by putting invaluable professional consulting resources and important business analyses directly into the hands of local companies,” Fifth District Congressman Hal Rogers said. “In a global economy, our industry leaders must stay ahead of the curve and constantly innovate with new techniques and business plans to bolster operations. This assistance translates into job creation and business growth for the citizens of southern and eastern Kentucky.”
SKED, a 22-year-old, non-profit, economic development organization based in Somerset, serves a 42-county region in southeast Kentucky. Staff works with business owners, small and large, throughout the region to identify financing solutions to fund their location, expansion and working capital needs.